1.

Call to Order

T. Schrader

1:30 p.m.

2.

Confirmation of Commercial Consumer Director (Bylaws Section 4.3(a)(1))* (Vote)

T. Schrader

1:35 p.m.

3.

Selection of Chair (Bylaws Section 4.4) (Vote)

T. Schrader

1:40 p.m.

4.

Selection of Vice Chair (Bylaws Section 4.4) (Vote)

Chair

1:45 p.m.

5.

Confirmation of TAC Representatives (Bylaws Section 4.8)* (Vote)

Chair

1:50 p.m.

6.

Board Member Assignment to H. R. & Governance and Finance & Audit Committees

Chair

1:55 p.m.

7.

Approval of Minutes* (Vote)

Chair

2:00 p.m.

8.

CEO Report

T. Schrader

2:05 p.m.

9.

Operations Update

S. Jones

2:15 p.m.

10.  

Market Operations Update

R. Giuliani

2:25 p.m.

11.  

Wholesale Market Redesign Update

R. Hinsley

2:30 p.m.

12.  

Financial Update

S. Byone

2:40 p.m.

13.  

Finance & Audit Committee Report

• Audit Reports (SAS 70 Report, Benefits Plan)* (Vote)

C. Karnei

2:50 p.m.

14.  

TAC Report

• Protocol Revision Requests & System Change Requests (PRR620, PRR621, PRR622, PRR623, PRR624, PRR628, PRR641, PRR643, PRR644, SCR745, and SCR747)* Vote

R. Comstock

3:00 p.m.

15.  

PRR 525 Implementation*

L. Grimm

3:30 p.m.

16.  

H.R. & Governance Committee Report

• Guidelines for Executive Session and Proxies*
• Report on Amended Bylaws
• Nominating Committee Report

B. Kahn

3:45 p.m.

17.  

Schedule for 2006 Board Meetings*

Chair

4:00 p.m.

18.  

Future Agenda Items*

Chair

4:05 p.m.

19.  

Executive Session

• Nominating Committee Discussion
• Personnel -- Compensation Structure Discussion* (Vote)
• Contracts* (Vote)

Chair

N. McIntire

N. McIntire

J. Brenton

4:10 p.m.

20.  

Adjourn

Chair

4:40 p.m.